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MENA crypto volume triples to $350B, driven by Gulf regulation and bitcoin demand amid regional instability.

Market News
09 Sep 2026, 01:17 WIB
Bitcoin
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Bullish
MENA crypto volume triples to $350B, driven by Gulf regulation and bitcoin demand amid regional instability.

Crypto transaction volume in the Middle East and North Africa (MENA) has surged from $100 billion in 2022 to an estimated $350 billion by 2025-2026, led by Turkey and the UAE. This growth is fueled by two main factors: increased regulation and institutional adoption in Gulf countries, and rising demand for bitcoin and stablecoins as safe havens during war, inflation, and currency devaluation in other MENA economies. The Israel-Iran conflict initially caused crypto market drops but ultimately boosted bitcoin dominance as investors sought stability. MENA is now splitting into two crypto markets: one driven by regulatory frameworks in wealthier Gulf states, and another driven by crisis-related demand in countries facing economic challenges.

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